3M Corp Stock Price, News & Analysis

3M Health Care has launched the 3M™ Harvest RC clarifier, utilizing proprietary fibrous chromatography media for enhanced recombinant protein therapeutic manufacturing. This innovative solution consolidates a traditionally multi-stage process into a single stage, improving monoclonal antibody (mAb) yields. The clarifier offers high recovery rates (>95%), reliable scalability, and reduced manufacturing costs. It supports upstream processes effectively, ensuring consistent effluent quality and simplifying operations for manufacturers. For further details, visit 3M.com/harvest.

3M (NYSE: MMM) has announced two upcoming investor events. The Bernstein's 37th Annual Strategic Decisions Conference will be held on June 3, 2021, featuring CEO Mike Roman at 8:00 a.m. EDT. The UBS Global Industrial and Transportation Virtual Conference will take place on June 8, 2021, with CFO Monish Patolawala speaking at 9:00 a.m. EDT. Both events will be webcast live, and replays will be accessible on 3M's Investor Relations website.

3M Food Safety has launched the 3M™ Environmental Scrub Sampler with a 10 mL Wide Spectrum Neutralizer, aimed at enhancing environmental microbial sampling in food manufacturing. This device, which received the AOAC® Performance Tested Method certification (#022104), allows effective sample collection and neutralizes various sanitizers. Key features include quick biofilm disruption, compatibility with 3M detection methods, and user-friendly design. The introduction addresses critical food safety testing challenges and supports clients' proactive monitoring strategies.

3M held its Annual Meeting of Shareholders on May 11, 2021, emphasizing its response to the pandemic, strong financial performance, and commitment to sustainability. CEO Mike Roman highlighted the company’s efforts in innovation and productivity while navigating COVID-19 uncertainties. Shareholders elected 12 directors, ratified PricewaterhouseCoopers as the independent public accounting firm, and approved executive compensation. Proposals for target amounts for CEO compensation and transitioning to a public benefit corporation were not approved. Final voting results will be disclosed in a Form 8-K with the SEC.

The 3M Board of Directors declared a quarterly dividend of $1.48 per share for Q2 2021, payable on June 12, 2021, to shareholders of record by May 21, 2021. This marks over 100 years of uninterrupted dividend payments to its shareholders. As of March 31, 2021, 3M had approximately 579.7 million common shares outstanding and 67,849 shareholders of record.

3M (NYSE: MMM) announced two upcoming investor events. The first is the Goldman Sachs Industrials & Materials Conference on May 13, 2021, where CFO Monish Patolawala will speak at 8:50 a.m. EDT. The second event is the Wolfe Research Global Transportation & Industrials Conference on May 26, 2021, with Patolawala presenting at 10:20 a.m. EDT. Both events will be webcast live and available for replay on 3M's Investor Relations website.

3M (NYSE: MMM) reported strong first-quarter 2021 results, with sales increasing by 9.6% year-on-year to $8.9 billion. The company achieved a 23% increase in GAAP earnings per share, reaching $2.77. Growth was observed across all business segments, particularly in Safety and Industrial, which saw a 13.7% sales increase. Additionally, 3M generated $1.7 billion in operating cash flow and returned $1.1 billion to shareholders. The company remains committed to ambitious sustainability goals, including achieving carbon neutrality by 2050.

3M has won a legal case against MA MicroGrind GmbH for infringing on its German Utility Model and European Patent regarding precision grinding technology. The Mannheim District Court ordered MicroGrind to cease manufacturing and selling the infringing grinding wheels and to compensate 3M for economic losses. The ruling, issued on March 5, 2021, is not final as MicroGrind can appeal. 3M emphasizes its commitment to protecting its intellectual property in abrasive technology.